DEWA achieved a record net profit of AED 0.94 billion for Q1 2026, marking a nearly 90% increase compared to the same period in 2025. Consolidated revenue rose 8.18% year-over-year to AED 6.45 billion, driven by robust demand for electricity, water, and cooling services alongside the continued growth of Dubai's economy.
Operational performance reached historic highs with 11.09 TWh of power generation and 37.57 billion imperial gallons of desalinated water production, representing year-over-year increases of 5.65% and 5.51% respectively. Clean energy generation specifically accounted for 18.5% of the quarterly total, supported by a system installed capacity that has reached 17,979 MW.
The company expanded its infrastructure and customer base by commissioning 60 million imperial gallons per day (MIGD) of new desalination capacity at the Hassyan plant and adding nearly 20,000 new customer accounts during the quarter. This expansion brought the total customer base to 1.347 million, a 5.08% annual increase.
Cash from operations reached AED 3.89 billion for the quarter, supporting the company's established dividend policy of at least AED 6.2 billion annually. Following a dividend
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